Caterpillar Inc. Maintains Dividend Rate
April 11, 2012
Caterpillar contact:
Jim Dugan
Corporate Public Affairs
309-494-4100
FOR IMMEDIATE RELEASE
Caterpillar Inc. Maintains Dividend Rate
PEORIA, Ill. – The Board of Directors of Caterpillar Inc. (NYSE: CAT) voted today to maintain the quarterly cash dividend of forty-six ($0.46) cents per share of common stock, payable May 19, 2012, to stockholders of record at the close of business, April 23, 2012.
“I am pleased to announce we are maintaining Caterpillar’s dividend. Our priorities for uses of cash remain unchanged. The top priority is to maintain financial strength, followed by investing for growth for the business, funding employee benefit plans, and making distributions to stockholders,” said Caterpillar Chairman and Chief Executive Officer Doug Oberhelman. “We remain focused on executing our strategy, with a particular emphasis on supporting our customers, and as I regularly meet with customers, I know that focus will also benefit our stockholders over time,”Oberhelman added.
For 18 years in a row, Caterpillar has paid higher dividends to its stockholders, and since 1998, the company's cash dividend has more than tripled. Including the announcement today, Caterpillar has paid a cash dividend every year since the company was formed in 1925 and has paid a dividend every quarter since November 1933.
About Caterpillar:
For more than 85 years, Caterpillar Inc. has been making sustainable progress possible and driving positive change on every continent. With 2011 sales and revenues of $60.138 billion, Caterpillar is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company also is a leading services provider through Caterpillar Financial Services, Caterpillar Remanufacturing Services, Caterpillar Logistics Services and Progress Rail Services. More information is available at: http://www.caterpillar.com.
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